Why is Envair Electrody falling/rising?

As of 24-Oct, Envair Electrody Ltd is experiencing a decline in its stock price, currently at Rs 111.51, which represents a decrease of 12.38 points or 9.99%. Today's price summary indicates that the stock opened with a gain of 3.72% but has since fallen significantly, marking a trend reversal after nine consecutive days of gains. The stock has shown high volatility today, with an intraday range of Rs 16.99, and it has traded below its weighted average price, suggesting that more volume was traded closer to the low price. Despite this decline, the stock has performed well over the past week and month, with returns of 19.92% and 58.26%, respectively, although it has underperformed the sector by 10.96% today.
In the broader market context, while the Sensex has only increased by 0.31% over the past week, Envair Electrody's strong short-term performance contrasts with its year-to-date decline of 16.06%, indicating a challenging overall market environment for the stock. The stock's long-term performance remains robust, with a 3-year return of 282.54% and a 5-year return of 361.74%, significantly outperforming the benchmark. However, the recent drop in price suggests that investor sentiment may be shifting, despite rising participation indicated by a 160.68% increase in delivery volume on 23 October.